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threaten rupert murdoch's media empire. >> we have this morning's "america's money report." >> good morning. topping america's money -- a deadline on debt. president obama and congressional leaders will meet again today to try to work out a deal on the federal debt limit and deficit, this after a rare sunday meeting at the white house. mr. obama says they have 10 days to reach an agreement. rupert murdoch is now in london, where a tabloid scandal is threatening his media empire. his paper "news of the world" folded for good yesterday, brought down by revelations that reporters hacked into voicemail systems. outrage over that scandal is likely to derail murdoch's latest mega deal for a british tv service. at the box office, "transformers: dark of the moon" hold on to the top spot. it's now the biggest domestic hit of the year with $261 million in sales so far. and today is 7/11, so guess which convenience store is offering up free slurpees. 7-eleven is offering free drinks. that's america's money. >> oh, you can use a slurpee today. it's
one of the biggest newspapers down in 24 hours. rupert murdoch under huge pressure as the outrage grows. >>> the extraordinary spirit of survival. jaycee dugard breaks her silence about her 18-year ordeal. how she found hope in the middle of her kidnapping hell. >> you just do what you have to do to survive. >> diane sawyer here with her emotional and exclusive interview. >>> princess in prison. she's been a royal for a week. why does she look like her unhappy highness. inside the misery of princess charlene. >>> and good morning, everyone. happy friday and what a crazy scene in great britain. >> oh, my goodness. >> oldest newspaper closed. former editor moments ago arrested. this guy was an aide to the british prime minister and had to address this. other arrests coming for people in the media empire of rupert murdoch, the owner of fox news. >> all because there are allegations the newspaper was hacking into cell phones and an e-mail account of people and not celebrities but victims of murder. >> war widows from afghanistan and iraq. an incredible story. >> incredible to watch. >
. here's abc'c' jeffrey kofman. >> reporter:r: rupert murdoch rushed to london today to rescue the media empire he's spent his life building. he was reading the last issue of "the news of the world" as he came in. the best receiving tabloid was on the news stands here for the last time. >> i think if you've done wrong, you should face the consequences. >> reporter: the paper brought down by the criminal excesses of its reporters. but in the eyes of many, it was brought down by management who still refuses to accept its own ro role. but murdoch may lose a huge business deal. his plan to take 100% control of britain's b-sky-b satellite network this ask scandal has highlight what people consider a monopoly. 40% of the papers told in this country are ownedy murdoch companies. his holdings stretch around the world. in the u.s., he owns two of the most influential newspapers, book pubbishing, avatar, his, 20th century fox. fox news and fox. owner of "thee simpsons." >> all right, break it up, boys. >> suppose you don't like tabloid newspapers, either. >> reporter: news corporation is headquart
a four-page apology. rupert murdoch's style to deal with the crisis. another of his properties, the sunday times reports more arrests are expected over the phone hacking scandal that brought down the news of the world paper. >> >>> nasa is worried a piece of space junk will come dangerously close to villa gladys and the space station. it's expected to come close on tuesday. that's when astronauts will conduct a spacewalk. on sunday and the atlantis docked at the international space station and they will unload 7,000 pounds of equipment and supplies for the station. >>> we have a warning about its base camp targeting facebook users. >> and the european music service is coming to the u.s. >> a warning for facebook users. there are new scams on the social network. a video of casey anthony confessing to her attorney. and a second offer as applications for facebook's new video chat. there is no app needed. you are asked not to click on either of these. you can cosmopolitan magazine is going after new demographic. it will start offering cosmo for guys in a new application. it's like
on a huge american company, news corporation. rupert murdoch rushed to london to try to contain the damage. while he arrived he was reading the last news of the world. his empire now under siege. in its pursuit of sensational stories the news of the world crossed the line into criminal activity. the public has lost faith. >> i think it does need to go for what it's done. >> reporter: rebeck kari brooks, she was editor a decade ago. she gets to keep her job and so does james murdoch who runs the british arm of the company. he, too, said it wasn't his fault. >> i acted on the advice of executives and lawyers with a completion investigation. >> reporter: the ultimate boss james could face prosecution under u.s. and british business law. if convicted, jail time. >> while brooks and murdoch knew about it or not, they're still responsible for what goes on their watch. it only adds to the misery that rupert murdoch's got to deal with this week. >> reporter: this scandal is rippling across the u.s. according to a rival tabloid the daily mirror, they tried to hack into the cell phones of 9/11 victi
grace will join us more. >>> now on the phone hacking rocking rupert murdoch's media empire. rebekah brooks arrested over the weekend and the top police officer resigning. jeffrey kofman has more. >> reporter: good morning to you. it's incredible. this scandal unfolding with lightning speed. the air around murdoch himself is getting awfully thin. will where will all of this stop? daughter. just a week ago, he indicated that saving her was as important to saving his global empire. but this crisis well beyond his control. brooks, former editor of his now-closed news of the world. on friday, she resigned. on sunday she was arrested and questioned about alleged criminal activity while she was at the helm. >> it's very unusual for somebody to be arrested by appointment on sunday. there could be operational reasons for that. >> reporter: as the news tighten, the focus turns to his murdoch's son, james. rupert murdoch hoped that james would take over the family empire that is now not clear either will survive. >> there was a particular settlement that i authorized and was said with informat
. >>> the scandal surrounding rupert murdoch's media empire has now spread to the unitete states. congressional lawmakers are asking the fbi to investigate whether murdoch's newspapers tried to hack into the phone records of september 11th victims. today a ninth man was now arrested in connection with phone hacking at the "news of the world." this time it was a top editor. >>> in india's financial capital mumbai is on high alert after three bombings rocked the city at rush hour. investigators are combing debris trying to determine which terror group is behind the attack, which killed at least 17 people and wounded more than 140. >>> and new evidence this morning that any recovery in the housing market is still a long way off. foreclosure activity actually rose by 4% last month compared to may. now analysts expect at least 800,000 homes will be repossessed this year alone. they say that number would be far higher, but banks are actually backed up trying to process all thehe defaults. >>> and finally, the academy awards of theports world. they are espn's espy awards complete with red carpet fashi
. >> it is not say rupert murdoch knew anything going on inside his newspapers but at the same think i think who maegs places devote, a tull tur of lostness iters of the moral apropose, ultimately the place goes haywire. no one said itself that miles per hour knew she was phonings were going on service so trust spending it was an industrial strength, the de facto of positions who can't bet into the story. the son's a-year-old medical record to -- ow could that be in the public interest to tell meme this child child had dissick fibrosis. >> thena, thaw. >>> we'll turn to a legal crusades that has cody and his wife under the spotlights getting red to di to change the polygamy trials in court. the latest on this. >> reporter: the brown family of "sister wives" which faces four yies adults and 16 children and tomorrow they will file a lawsuit charging the anti-politician si statute. they went public with it when it bay buts in 2010. i interviewed before them. >> can you get this legal trouble now that you're in public. >> there's a risk. >> hour enough local thoftsauths ordered they were going to do
scandal that's rocking rupert murdoch's media empire. cnn anchor piers morgan now defending himself against accusations he knew about illegal phone hacking when he was editor at two paper, one of them owned by murdoch. abc's nick watt has the latest from london. >> reporter: the tide of scandal is now lapping at the well-pressed pant cuffs of the man who took larry king's chair and the america's got talent self-proclaimed loud mouth. because before all that -- >> two major british newspapers for 11 years. >> reporter: and listen carefully to this recently unearthed interview. >> and what about this nice middle class boy who would have to be dealing with i mean essentially people who rake through bin ladens for livings and take secret photographs and nasty down in the gutter stuff. >> well, to be honest, to put that in perspective. not a lot of it was done. a lot was done by third parties rather than the staff itself. that's not to defend it because you were running the results of their work. >> reporter: morgan refused to speak to us but did speak to his own network, cnn. >> for the
hacking scandal by the british tabloid "news of the world." the paper owned by rupert murdoch is under fire for also hacking into the phones of a 13-year-old murder victim and families of soldiers killed in afghanistan. staffers are also accused of paying off police f f stories. arrests are sasa to be imminent. >>> now here's diane sawyer with a preview of nighghs "world news." diane? >> well, josh, as we've been talking this morning, tonight on "world news," jaycee dugard i i going to speak for the first time about 18 years of captivity. she was 11 years old when she was taken. horrible sexual abuse and she will talk emotionally about the birth of her child and also what it means to survive. lessons for us all about loving our lives every single day and that is coming up tonight on "world news," josh. >> thank you, diane. an extraordinary thing to wrap your mind around. you sat with her earlier. diane has the first interview with jaycee dugard. it is going to be absolutely compelling. >> it will be. thank you, josh. >>> let's check in now with the buzziest showbiz headlines and trends
Search Results 0 to 9 of about 10

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